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Vitol Dominates Northwest Europe Jet Fuel Market in May

May 27, 2014 at 13:40 by Michelle Wiese Bockmann in Tanker and Oil Industry

Vitol has dominated the northwest Europe market this month, importing 534,000 tons, or 48% of jet fuel tracked into the region, according to the OPIS Tanker Tracker.

That included a rare 35,000-ton cargo from Cuba. The oil trader also loaded 34,000 tons shipped from the Latvian port of Ventspils, while Kuwait Petroleum discharged 140,000 tons into the U.K. in May.

Jet fuel imported into northwest Europe this month is tracked at 1.115 million metric tons (about 8.8 million bbl) on 19 tankers, with an additional 304,000 tons also shipped to the region's Mediterranean ports, tracker data show.

The total imported to Europe during May tallies 1.459 million tons, and compares to 1.713 million tons seen in April.

OPIS tracks Europe-bound jet fuel shipments in Europe based on information compiled from brokers, traders and satellite-tracking data.

June shipments are already tracked at an estimated at 1.485 million tons into northwest Europe.

In northwest Europe, of the total of 1.115 million tons estimated to arrive, 781,000 has been discharged already, with a further seven vessels due in the next nine days, carrying 374,000 tons.

Loadings from the Middle East Gulf dominated imports into Europe and the Mediterranean, accounting for 916,000 tons or 63% of shipments.

May also saw three ships tracked from Ust Luga, Russia, supplying Sweden and Finland, each about 16,000 tons (125,000 bbl) on board.

Vitol Dominates Northwest Europe Jet Fuel Market in May

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